OfBusiness, the fast-growing B2B marketplace for businesses in India, has just unveiled a game-changing AI-powered platform called Nexizo. This new platform aims to help small and medium-sized enterprises
OfBusiness, the fast-growing B2B marketplace for businesses in India, has just unveiled a game-changing AI-powered platform called Nexizo. This new platform aims to help small and medium-sized enterprises (SMEs) in the infrastructure and manufacturing sectors streamline their operations, discover market opportunities, and manage procurement more effectively. With its unique features and a focus on the private sector, Nexizo is poised to redefine how SMEs interact with suppliers and buyers in a competitive market.
As OfBusiness prepares for a potential $1 billion initial public offering (IPO) in 2025, the launch of Nexizo marks a major step in the company’s journey to empower India’s SME ecosystem.
Nexizo is a comprehensive digital platform designed to assist SMEs in the infrastructure and manufacturing sectors with discovering raw material prices, finding buyers, and gaining valuable market insights. It also offers features to manage sales, logistics, and inventory—tools that are essential for businesses that want to stay competitive in today’s fast-moving market.
While OfBusiness has already built a strong reputation with its earlier platform, BidAssist, which catered to smaller businesses involved in government tenders, Nexizo targets a different audience. This new platform is geared toward larger, more established private-sector companies with complex procurement and sales needs.
According to Pyuish Upadhyay, Chief Business Officer of Digital at OfBusiness, “BidAssist will always focus on government contractors, while Nexizo is designed for bigger private-sector players, helping them manage high-value transactions with ease.”
The launch of Nexizo is strategically aimed at supporting private-sector businesses, particularly those in the infrastructure and manufacturing sectors, that require sophisticated tools to manage procurement and supply chains. The platform simplifies several complex processes, making it easier for businesses to source materials, track pricing, and manage inventories—all in one place.
Key features of Nexizo include:
By offering a unified platform for all these processes, Nexizo helps businesses save time, reduce operational costs, and make smarter decisions.
OfBusiness has seen impressive growth over the past year. In fiscal 2024, the company reported a revenue of ₹19,296 crore, up from ₹15,343 crore in the previous year. The company also achieved a 30% increase in profit, reaching ₹603 crore. With these strong financials in place, OfBusiness is now looking toward a potential IPO in the second half of 2025, which is expected to raise up to $1 billion.
“We are aiming for ₹2,000 crore in revenue this fiscal year, as we transition from an insights platform to a full-scale digital store,” said Pyuish Upadhyay. This growth trajectory, fueled by the success of Nexizo and other platforms, puts OfBusiness in a strong position for its IPO and future expansion.
Nexizo is part of OfBusiness’s broader strategy to offer a complete digital ecosystem for SMEs. The company’s founder and CEO, Asish Mohapatra, emphasized how Nexizo fits into the company’s long-term vision: “Our Nexizo.AI platform is another step in our mission to provide SMEs with a seamless experience, enabling them to create a high-value market for themselves.”
OfBusiness has always been focused on providing tools that make procurement and operations easier for SMEs. With Nexizo, the company takes that mission a step further by combining procurement, sales, finance, and logistics into one integrated platform. By doing so, it not only helps businesses discover new opportunities but also enables them to execute transactions more efficiently, all while staying ahead of the competition.
India’s SME sector is a massive driver of the country’s economy, but these businesses often face challenges related to procurement, pricing transparency, and market access. Nexizo aims to solve these pain points by using AI to bring efficiency to traditionally cumbersome processes. By making it easier for SMEs to discover raw materials, track prices, and manage operations, Nexizo empowers businesses to scale faster and compete more effectively.
Moreover, Nexizo allows companies to tap into a broader range of business opportunities, both within the private sector and beyond. As more businesses adopt digital tools for procurement and sales, platforms like Nexizo will play a critical role in shaping the future of India’s manufacturing and infrastructure sectors.
OfBusiness was founded in 2015 by a group of experienced entrepreneurs: Asish Mohapatra, Nitin Jain, Ruchi Kalra, Vasant Sridhar, and Bhuvan Gupta. The company has raised about $800 million in funding from top investors, including SoftBank, Tiger Global, Z47 (formerly Matrix Partners), Creation Investments, Alpha Wave Global, and Norwest Venture Partners.
With a strong leadership team and substantial backing from global investors, OfBusiness is well-positioned to continue its upward trajectory. The launch of Nexizo is just one of many steps the company is taking to strengthen its ecosystem and expand its services for SMEs in India.
As OfBusiness prepares for its IPO in 2025, Nexizo will likely play a central role in the company’s future growth. The platform’s potential to drive efficiencies in procurement and supply chain management for large-scale private-sector businesses presents a significant opportunity for the company.
Additionally, OfBusiness’s broader strategy to integrate finance, materials, and software into a single platform could position Nexizo as a leader in the B2B marketplace. With the AI-powered platform serving as the backbone for both existing and new clients, OfBusiness aims to create an all-encompassing ecosystem that drives value for SMEs across India.
The launch of Nexizo is a pivotal moment for both OfBusiness and India’s SME sector. By combining AI with advanced procurement and sales tools, Nexizo offers a comprehensive solution for businesses that want to stay competitive in the fast-paced infrastructure and manufacturing sectors. As OfBusiness expands its digital ecosystem, Nexizo is set to become a critical resource for SMEs looking to grow, streamline operations, and compete in the modern marketplace.
For SMEs, adopting Nexizo could be the key to unlocking new growth opportunities and simplifying complex business operations. With its AI-powered capabilities and focus on the private sector, Nexizo is set to transform how businesses operate and thrive in India’s competitive landscape.
